Xiamen King Long Motor Group Co.,Ltd. Posted 270.3 Million Yuan Net Loss in First Half of 2022

Xiamen King Long Motor Group Co.,Ltd. (厦门金龙汽车集团股份有限公司) (600686.SH) reported a net loss of 270.3 million yuan in the first half of 2022, widening 23.5% year-on-year.

Meanwhile, the company posted 6.6 billion yuan in revenue, up 5.7% year-on-year.

At the end of the reporting period, it had 24 billion yuan in total assets and 19.2 billion yuan in total liabilities, with a liability-to-asset ratio of 80%.